At the end of a quiet week, the Dax was still barely moving. On Friday, the leading index went 0.25 percent lower at 15,949.84 points from trading. The Dax is thus still close to 16,000 points, but is down around 0.6 percent on a weekly basis. Investors are waiting for fresh impetus, which can only be expected with the interest rate decisions by the US Federal Reserve and the European Central Bank (ECB) in the coming week. The MDax of medium-sized stocks lost 0.10 percent to 27,154.14 points.
Chemical stocks suffered from a profit warning from Croda, for which, according to analysis house Bernstein, "all main business areas bear some responsibility". The weak outlook for the British specialty chemicals group is fueling concerns throughout the industry, as Croda expects inventory reductions to continue in the industrial and consumer end markets, among other things. In addition, a weakening development in the crop protection business is expected.
As the weakest shares in the Dax, Brenntag lost 4.4 percent and Symrise 4.3 percent. BASF lost 1.8 percent, Bayer gave way 1.5 percent. Evonik and K S were also very weak in the MDax, and Wacker Chemie was at the bottom of the index for medium-sized companies with a discount of 4.2 percent.
The focus was also on the two SDax companies Auto1 and Shop Apotheke. A positive outlook from the US used-car platform Carvana drove the Auto1 shares up another 6.1 percent to the top of the small-cap index after they had already risen the day before after the Carvana forecast.
The papers of the shop pharmacy fell by 8.3 percent after a downgrade by the British bank HSBC, at times they lost almost 16 percent.
The EuroStoxx 50, the leading index in the euro zone, closed 0.18 percent lower at 4289.79 points. France's Cac 40 fell similarly slightly, while Britain's FTSE 100 fell around half a percent. In New York, the Dow Jones Industrial hardly moved at the European close.
The euro gave way slightly and was last listed at 1.0749 US dollars. Weak economic data from Italy put some pressure on. The European Central Bank set the reference rate at 1.0780 (Thursday: 1.0737) dollars. The dollar thus cost 0.9276 (0.9314) euros.
On the bond market, the current yield fell from 2.49 percent on the previous day to 2.46 percent. The Rex pension index rose by 0.15 percent to 125.40 points. The Bund future (September contract) gained 0.22 percent to 134.17 points.